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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup
#BCHUSD
Total Profit: -23364 pip
Closed trade(s): 0 pip Profit
Open trade(s): -23364 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 243.51 based on 'Valley' entry method at 2020.07.08.

Open Profit:
Profit for one trade is 222.27(current price) - 243.51(open price) = -2124 pip
11 trade(s) still open, therefore total profit for open trade(s) is -2124 x 11 = -23364 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 19, 2020 - 13:31
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 133.1, beginning of uptrend is expected.
  • We make sure when the resistance at 269.5 breaks.
  • If the support at 133.1 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 246.40 on 07/08/2020, so more losses to support(s) 215.95, 205.60, 170.20 and minimum to Major Support (133.05) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Take Profits:

  1. 269.50
  2. 352.95
  3. 403.35
  4. 494.00
  5. 637.00
  6. 832.10
  7. 1120.15
  8. 1686.75
  9. 2145.55
  10. 2604.40
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) new Sun, 21 Apr 2024
Bitcoin Cash (BCHUSD) Sun, 14 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 7 Apr 2024
Bitcoin Cash (BCHUSD) free Sun, 31 Mar 2024
Bitcoin Cash (BCHUSD) free Sun, 24 Mar 2024